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Topic: Better adoption rate for ETH (Read 436 times)

jr. member
Activity: 296
Merit: 1
August 05, 2019, 01:16:22 PM
#30
Most likely, POS will be aired for the benefit,since many have already been disappointed in its functionality. Ethereum needs major updates that will be able to attract more new participants to this platform.

yes I think so too that they need to renovate their project or maybe if the shipping costs using the cheaper erc20 platform there will definitely be many who are interested in or remain with this ethereum platform. because usually people prefer cheap shipping to make transactions
sr. member
Activity: 784
Merit: 250
DIA | Data infrastructure for DeFi
August 03, 2019, 08:20:48 AM
#29
I believe that the price would raise significantly. Mining would become unprofitable and people would need to buy more coins on exchanges, that will boost volume and the price. I believe no date was announced yet, but it should be done soon.
legendary
Activity: 3346
Merit: 1134
Leading Crypto Sports Betting & Casino Platform
July 31, 2019, 08:04:52 AM
#28
Hmm. Staking.

It might help a little. But if you need a larger amount of ETH just to get a higher stake then it is just the same as the manipulation that is happeningg by now.
We wont know if not tried. It might get worse or it could lift it up.
Depends on how the market will react.
full member
Activity: 396
Merit: 106
July 31, 2019, 03:45:39 AM
#27
What do you think will happen if ETH implement POS in it upcoming upgrade? I personally think there will be more adoption rate for ethereum because many would want the POS reward,what do you guys think?
I more on the fence with POS. I saw a lot of POS coin out there and although they have the momentum at first, slowly going decline.
Hope ETH could implement a perfect POS that could bring in the profit for both miners and holders.
hero member
Activity: 742
Merit: 503
July 29, 2019, 05:05:20 PM
#26
This is a hard question. I think that is almost impossible. However, if this happens, there are too many scenarios. It's too risky to do that.
full member
Activity: 948
Merit: 110
July 28, 2019, 06:03:19 PM
#25
I also think so. Ethereum is already a popular coin and its POS would help boost its popularity even more. I am desperately waiting for POS to happen, and want to get some ethereum though it.
If so, then there will be a large pump because many people will buy large amounts of eth for permanent profits while earning daily income from POS. Hopefully what happens is in line with expectations, not vice versa.
sr. member
Activity: 840
Merit: 375
July 28, 2019, 05:09:20 PM
#24
Please do no sugarcoat it with thoe good conclusions.
Bartolo is right the whales will be the winner here.
Adoption? ETH have been so long in the crypto industry and trust have been planted to many users. I dont think just because there will be a staking that will happen it would grow that fast. NO! Investors are staying because they have faith with ETH and not because of mere staking.
You are assuming that Adoption= investors which is wrong IMHO.Adoption = more usage, efficiency and added value to companies.It's true that whales will get the biggest part of the pie, but like I said POS is here to make ETH more scalable which means more adoption.

i don't think we can call that "adoption", the only thing that can happen is a new group of speculators that would want to earn some free money which they could dump and make profit. [...] "free money" they get and the unlimited supply will start to show its pressure on the market and start reducing the price again.
as a result of that [...] so the price will see bigger crashes.
In both case, either it is POW or POS, there is always rewards given to miners in the first case, to stake holders in the second case.Therefore,I don't think switching to POS would make any change in terms of inflation and price if it's done properly.
full member
Activity: 691
Merit: 100
July 28, 2019, 11:10:58 AM
#23
I think it's good if ETH applies POS for improvement. But there are other better ways to increase prices. It all depends on ETH and I believe in the sophistication of ETH as a good coin.
legendary
Activity: 2212
Merit: 1008
July 28, 2019, 11:10:37 AM
#22
Do you only want the increase when Ethereum applies POS. I think to get an ETH price increase you don't need to worry because soon the altcoin will go up this year. Yeah, you only need to buy more ETH now.

By the way, the implementation will be realized next year, well now we are grateful for that, maybe this will be good news for ethereum.
https://cointelegraph.com/news/ethereum-20s-phase-zero-scheduled-to-launch-on-january-3-2020-devs

adoption can only occur based on the utilities that something offers and the usefulness, and ease of use of those utilities. when a coin switches its mining algorithm from PoW to PoS nothing changes in the utilities it offers or the large number of issues that it is facing, some of which are unsolvable like its scalability issue.
so my answer is no, there won't be any change in adoption rate of ETH.

I think the opposite, even though you don't think there has been a change in the level of adoption, but I think that there will be even a few. Because when the switch from PoW to PoS will make good fundamentals to investors. And this will be an increase for ETH, but I don't know whether it will last long or not, I think it's only temporary.
legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
July 28, 2019, 11:00:05 AM
#21
Speaking in terms of infrastructure, Ethereum is the 2nd largest crypto to launch to date, with unmatched adoption of its network, viability in the public and reliability among traders/exchanges.

Therefore, any major upgrades that will enhance the core of Ethereum's network, can only be a good step forward for the entire network and for adoption rates. Most projects are whitepaper projects, with little outside of transacting and trading a crypto. We are in that era where big projects are still heavily in development or haven't fully realized their platforms capabilities or outreach to mass audiences.

There are a few exemptions, of course ETH is one of them, but there's ultimately a handful of really use able cryptos (on a day-to-day basis) and truly ready for mass adoption outside of the crypto sphere.

Most cryptos suffer in terms of being accessible to the everyday person, with complicated terminology, interfaces and lack of integration within the real world (which 99% cryptos suffer from).

Ultimately, ETH 2.0 will only be a step forward for adoption.
sr. member
Activity: 1442
Merit: 265
July 28, 2019, 10:56:52 AM
#20
Yes, you are very right, it is highly expected that when pos will be activated vast number of big investors as well as institutional money will invest in eth just to receive the passive reward this will increase demand for eth which will result in massive price increase as well.
jr. member
Activity: 78
Merit: 1
July 28, 2019, 07:10:48 AM
#19
ETH 2.0 might come but adoption I guess is not that huge as few changes only been implemented. There will only few that will benefit in the long run and that's for sure those who have bags of ETH > whales.
hero member
Activity: 1470
Merit: 655
July 28, 2019, 05:15:58 AM
#18
adoption can only occur based on the utilities that something offers and the usefulness, and ease of use of those utilities. when a coin switches its mining algorithm from PoW to PoS nothing changes in the utilities it offers or the large number of issues that it is facing, some of which are unsolvable like its scalability issue.
so my answer is no, there won't be any change in adoption rate of ETH.
sr. member
Activity: 784
Merit: 250
DIA | Data infrastructure for DeFi
July 28, 2019, 05:11:18 AM
#17
As far as I know it is a fact that they are going to reduce miner rewards by 50 percent and are going more towards POS scheme. Moreover, they will reduce transactions costs and make ETH faster, so it would be a massive upgrade.
sr. member
Activity: 1680
Merit: 259
July 28, 2019, 04:35:29 AM
#16
The price will increase because you will need to buy a small amount of coins to get your% per month. The price will grow in the future, most likely it will be a temporary phenomenon. I would like the coin to keep holding 2nd place in cryptocurrency ratings.

This is the right time when the purchase price may rise again next week, and of course a higher adoption rate for POS will be the best determination.
legendary
Activity: 1946
Merit: 1137
July 28, 2019, 04:11:50 AM
#15
i don't think we can call that "adoption", the only thing that can happen is a new group of speculators that would want to earn some free money which they could dump and make profit. in short term the price can get pumped due to this surge but as we move forwards the sheer amount of "free money" they get and the unlimited supply will start to show its pressure on the market and start reducing the price again.
as a result of that large and prolonged dumping the same speculators sell and get out while taking a lot of other investors out too as they also lose a lot of money. so the price will see bigger crashes.
full member
Activity: 980
Merit: 132
July 27, 2019, 11:19:10 PM
#14
The price will increase because you will need to buy a small amount of coins to get your% per month. The price will grow in the future, most likely it will be a temporary phenomenon. I would like the coin to keep holding 2nd place in cryptocurrency ratings.
full member
Activity: 952
Merit: 110
July 27, 2019, 08:54:41 PM
#13
Ethereum is the second best altcoin on coinmarketcap after bitcoin,ETH already is a top choice for altcoin fans so we already have many holders,if POS will be implemented later i don't think the difference will be huge
legendary
Activity: 3150
Merit: 1069
July 27, 2019, 08:12:23 PM
#12
What do you think will happen if ETH implement POS in it upcoming upgrade? I personally think there will be more adoption rate for ethereum because many would want the POS reward,what do you guys think?

ETH is working for it. They are planning to implement the POS and put a limit on the total supply by 2020.
But this POS could be much different from other POS coins. As of adoption, it could be a new chain and probably with a huge scalability and performance which would surely increase the present market of Ethereum. Limiting the supply would be essential for price increment.
legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
July 27, 2019, 07:29:57 PM
#11
I am also sure about that, there will be a lot of mass adoption for ETH if you move to POS, because everyone can get free ETH without the need to mine it,
besides that POS also makes hacker attacks a little more difficult, this is also a special attraction for ETH if POS is already valid.
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